• New home sales dive to eight-month low in March

    WASHINGTON (Reuters) - Sales of new U.S. single-family homes tumbled to their lowest level in eight months in March, dealing a setback to the housing market recovery. The Commerce Department said on10:01 AM ET | Reuters

  • Earnings shine but string of Wall St gains stalls

    NEW YORK (Reuters) - U.S. stocks dipped at the open on Wednesday despite upbeat corporate earnings as buyers appeared scarce following the longest streak of daily gains on the S&P 500 so far this9:42 AM ET | Reuters

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[BRIEFING.COM] The S&P 500 (-0.3%) has dropped to a fresh low following a disappointing New Home Sales report.

March new home sales hit an annualized rate of 384,000, which was down from the revised February rate of 449,000 (from 440,000), and worse than the rate of 455,000 that had been broadly expected by the Briefing.com consensus. Nasdaq -26.18 at 4135.28... NYSE Adv/Dec 1325/1443... Nasdaq Adv/Dec 683/1597.

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